{"id":4132,"date":"2019-01-15T14:55:46","date_gmt":"2019-01-15T14:55:46","guid":{"rendered":"https:\/\/fintech.global\/AIFinTechForum\/?p=4132"},"modified":"2019-01-15T14:55:46","modified_gmt":"2019-01-15T14:55:46","slug":"ocbc-launches-biometric-scanning-for-mobile-banking-app","status":"publish","type":"post","link":"https:\/\/fintech.global\/AIFinTechForum\/ocbc-launches-biometric-scanning-for-mobile-banking-app\/","title":{"rendered":"OCBC launches biometric scanning for mobile banking app"},"content":{"rendered":"<p><strong>Malaysian bank OCBC Bank has launched facial biometric access for its mobile banking app.<\/strong><\/p>\n<p>The OCBC OneLook will enable consumers using the iPhone XS, XS Max and XR models to access their banking app via a facial scan, providing a quick access to their account, card balance and their latest transactions.<\/p>\n<p>In order to begin using this solution, customers have to complete a one-time activation on their mobile device on the OCBC banking app.<\/p>\n<p>OCBC Bank head of consumer financial services Lim Wyson said, \u201cBy leveraging on Apple\u2019s Face ID facial recognition technology, we are enabling our customers to dispense with passwords or even fingerprints when doing their everyday banking on our Mobile Banking app. They now only need to look, quite literally, at their iPhone X to get there.\u201d<\/p>\n<p>This development has come as part of innovation plans for its digital banking, which included the release 2016 of the bank\u2019s OneTouch fingerprint authentication solution. The solution gives retail customers to access their balances, transactions and account overviews by just scanning their finger. Last year, the service was also released for corporate customers.<\/p>\n<p>Softbank recently formed a\u00a0<a href=\"http:\/\/member.regtechanalyst.com\/softbank-taps-up-nok-nok-labs-for-biometric-authentication-for-mobile-users\/\">partnership with Nok Nok Labs<\/a>\u00a0for biometric authentication for their mobile users. Customers of the bank are now be able to access the mobile app through biometrics, giving them simpler and quicker access to their data \u2013 the new service is available on Android and iOS devices.<\/p>\n<p>Late last year, the\u00a0<a href=\"http:\/\/member.regtechanalyst.com\/securities-commission-malaysia-to-review-crowdfunding-regulations\/\">Securities Commission Malaysia (SC)\u00a0<\/a>announced it is reviewing the property crowdfunding framework. A review will be outlined in the 2019 budget, the SC states, and will be done to support home ownership measures.<\/p>\n<p class=\"highlight\">Copyright \u00a9 2018 RegTech Analyst<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysian bank OCBC Bank has launched facial biometric access for its mobile banking app. The OCBC OneLook will enable consumers using the iPhone XS, XS Max and XR models to access their banking app via a facial scan, providing a quick access to their account, card balance and their latest transactions. In order to begin&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/AIFinTechForum\/ocbc-launches-biometric-scanning-for-mobile-banking-app\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":10,"featured_media":4133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OCBC launches biometric scanning for mobile banking app - AI in Financial Services Forum<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fintech.global\/AIFinTechForum\/ocbc-launches-biometric-scanning-for-mobile-banking-app\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OCBC launches biometric scanning for mobile banking app - AI in Financial Services Forum\" \/>\n<meta property=\"og:description\" content=\"Malaysian bank OCBC Bank has launched facial biometric access for its mobile banking app. The OCBC OneLook will enable consumers using the iPhone XS, XS Max and XR models to access their banking app via a facial scan, providing a quick access to their account, card balance and their latest transactions. 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